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Is it risky to mine crypto?
Answer: Bitcoin mining isn't what it used to be. It's risky, consumes a lot of energy and requires powerful, specialized equipment.
2024-02-02 12:10:41
How long does it take to mine 1 ethereum?
Answer: Q #2) How long does it take to mine 1 Ethereum? Answer: It takes around 7.5 days to mine Ethereum as of September 13, 2021, at the hash rate or hashing power of 500 mh/s with an NVIDIA GTX 3090 that hashes at around 500MH/s. With a GPU that hashes at around 28.2 MH/S, it should take much longer.
2024-01-09 04:35:59
Will crypto mining ever end?
Answer: Bitcoin mining: an overview
So far, over 19 million bitcoins are in existence - with the last one being mined in 2140. Once all 21 million have been mined, there will be no more new Bitcoins created. Miners are rewarded with a certain number of bitcoins for each block they successfully mine.
2024-01-05 20:19:16
Why is crypto mining illegal?
Answer: The legality of Bitcoin mining depends entirely on your geographic location. The concept of Bitcoin can threaten the dominance of fiat currencies and government control over the financial markets. For this reason, Bitcoin is completely illegal in certain places.
2023-12-14 04:36:07
Is it legal to mine crypto?
Answer: Is bitcoin mining legal? According to TheStreet, reporting on a November 2021 Law Library of Congress report, bitcoin mining is banned in various countries, such as Bangladesh, China, Egypt, Iraq, Morocco, Nepal, Qatar, and more. However, it is legal in the US, and most countries, but not all US states allow the same.
2023-07-26 15:01:10